I have a few questions for anyone that wants to answer them, and if not Frankie Frankie, might you address them tonight if you can?

1. If we do not see anything of an increase by the 15th or end of the month, why then would we expect it in September? I personally do not. September does not meet my definition of this being the season.

That would be the next season and the situation that they face is too untenable IMO for such delay. They have stated that the re-pricing needs to coincide with the F.Y. budget. This initially might require an RV ONLY to occur on or about January 1st of a given year.

I quickly disregarded such a strict interpretation. What seems plausable to me is that the mid year point, going into their third qtr. on July 1st fits this definition just fine. If this bothers ppl, then ask yourself this: "Do we seriously expect the CBI to lay this out plainly for us to see and forecast?"...Read More Link On Right

2. I understand that S said the lower denoms were to come out in september but he also has said things like it will be done in 2011, in the mecca of 2012, and other things I cannot remember right now. This is not to criticize S, but things that have been said by him have either been premature or he does not have control of the ball.

Yes he said September. To be correct tho I believe what Saleh said was the lower denominations were to begin production in September.

Exactly why I do not expect it in September. To expect a Central Banker to tell us his plans especially on a project of this magnitude is something that I choose NOT to hold onto tightly! Just my opinions here...

They must release the lower denom bills immediately upon re-pricing their currency. Obviously then, it follows that IMO they have these bills already in hand. Otherwise it would be foolish for me to think that THIS is the season....

I have yet to read Wednesday's news OR listen to the CC but at last count, they have not spoken of the RV project for several days. The CBI APPEARS to be busy with other things....

3. If they continue to wait for the last nano second, why would they bring out the lower denoms and revalue in September when they will not meet with the UN again until January to be released from chp 7? see # 10 below....

4. If the game is played as it has been in the past they will wait until the first of the year and release LD's, and then RV right before meeting with the UN, why do this so early and wait for another 3 months for a release?

5. If I have seen this properly it appeared that the tariff laws were in the gazette and are to go into effect at the end of this June, that being said if there is not an increase in the currency what has to happen for them to move this back even further now, does this have to go to a re-vote?

The tariff law was passed like two years ago. All that we are seeing at present is it enforcement. I have said endless times that I expect it to be enforced finally. Not because the RV is coming but because they are motivated to get accepted into the WTO and the tariff tax will in the long term promote production and growth of their own economy.

The question of putting it off if the IQD is not re-priced? That is based on speculation that the RV is required for the tariff. This speculation has no basis in any news that I have read. Suggesting that the tariff needs to be delayed to fit with the RV is therefore simply adjusting the facts to fit this speculation! Have you seen any evidence that they plan to delay the tariff? I haven't...

To finish this point, will the tariff in July cause further problems for them if done in the absense of the RV? Yes. It is therefore further motivation FOR the RV but to make it a requirement is not accurate...

6. Do they still have enough money in the DFI funds to pay all the contracts they have been signing? Doubtful we will know any specifics on this. At least not at my pay grade...

7. If those contracts have being signed and paid at a 3.86 rate, unless they RV or increase at a rate higher than this they sure have lost a lot of money haven't they? this makes no sense to me at all. Me either. I have seen no evidence of any contracts paid at 3.86. Have you?

8. Will the citizens wait until the end of the year and hope it will get done even then, or will we start seeing demonstrations for lack of by the citizens?

One of the factors that I consider is the summer heat. The summers in Iraq are BRUTAL. The lack of energy and A/C takes it's toll and it is apparent the people are tired of the ineptitude in resolving this. I speculate that this is a further motivator for the re-pricing of the IQD in the summer. It will not provide relief from the heat but it will make the people happy.

9. If UN does not release on the 15th, can they hold a special meeting to release them if they get it done before the end of June?

The final Ch 7 IMO may not be lifted this month. I base this largely on the news posted by IH on tuesday of the UNSC report on the events of Jan-May.

Their mandate expires on July28 but the news indicated that this [and it's requisite funding] will be extended. We will see. The UNSC can obviously meet at any time to resolve and remove these final sanctions. It ALL hinges on the issues with Kuwait.

The news has not been consistent in this regard [big suprise huh?] Initially it was all gumdrops and lollipops, leaving little doubt that Ch7 lifting was a done deal. I even spoke at length to this. Of late however, we are reading of this, that and the other languishing issue still not totally agreed upon or settled. Such things as missing persons is so abstract and likely never to be 'resolved' that I just ignore it. Boundry lines, port issues etc are tangible issues that two months ago I THOUGHT we had closure on! We will see...

10. And after all is said and done, if they get it done by the end of June will the UN make them wait to be released until Jan 2013 or will they be nice and help them along and out before then? This is #9 cleverly re-worded....nice try....

Sorry for all the questions but it is just things I have been pondering since it appears that this is going longer than the Mecca I thought it would go. Any thought would be appreciated